Saudi Arabia and Kuwait said on Tuesday they expect OPEC to keep oil production levels stable so as not to alter prices at a meeting of the cartel this week. Saudi Oil Minister Ali al-Nuaimi said the market was "stable and balanced" and that he therefore believed there would not be any decision to change output.
"The price is at a comfortable level for producer and consumer countries as well as for the oil industry," he said ahead of Wednesday's meeting of the Organisation of Petroleum Exporting Countries in Vienna...............................................Full Article: Source